Geneon Collasping buy your DVDs while you can.

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On ANN they have followed up on the ADV and Geneon deal cancelling right after Geneon layed off tons of employees heres a bit more on the subject. I found it in their Answerman column updated weekly.

SIDEBAR I wonder what this means for Black Lagoon! If they will release they second Barrage or not?

"Answerman you probably expected this question this week but WHAT HAPPENED TO GENEON?! Does this mean the anime industry is going to collapse?! why did the adv deal fall through? should I buy all the geneon stuff I want right now, will it all go out of print?

While what happened to Geneon is significant and quite sad, I'm a little shocked at how people seem to really be overreacting to it.

Geneon as we know it is going away. It is reasonable to assume that, according to their vague press releases, they're going to survive only as a Kadokawa-esque licensing house, subcontracting all production, sales, marketing, and what-have-you. They could also just fold completely and disappear. Based on what they've said, I think the former is more likely, but that's just my estimation.

To be frank, yes, you should probably buy the Geneon titles you want now. They will effectively go out of print once Geneon stops production. If there's a particular title you can't live without but just haven't bought yet, find a place that has it in stock and snatch it up. If it's something you really, really want (and for some reason haven't bought it yet), don't wait for a fire sale, just get it now. I realize the instinct of anyone in this situation is to sit back and say "eh well Right Stuf will clear it all out eventually", but you're taking a chance, especially since the titles will be OOP and once they're sold out, your only other option is eBay.

Geneon's exit from the American anime market is not a good thing, but it wasn't exactly the biggest shock ever. The company has been struggling for years. I've been hearing rumors from very reliable sources of Geneon's demise as early as last year, when it was becoming clear that they had a serious lack of A+, top shelf titles that were guaranteed sellers, and yet continued to license extremely niche, otaku-oriented shows that historically have proven to sell poorly, all the while failing to get the few shows they had with mainstream appeal into the public eye via Cartoon Network (Samurai Champloo aside). Many in the industry speculated that Geneon would collapse long before the writing was clearly on the wall, and it did, but trying to pin down one particular reason for it is impossible and foolish. It takes a lot more than some poor-selling titles to bring down a company. There were obviously many factors at play. The rampant, endless armchair business analysis that we see in anime forums all over seems desperate to find a single-sentence answer to something that would likely take pages to fully explain, which is a waste of time. I don't know the whole story - nobody does outside of Dentsu and Geneon executives, and they're not talking - so I would argue that continuing to go on and on and pick apart exactly what happened is silly.

People also seem to be taking this event as a sign that the R1 anime industry is in its final days, and that Geneon's implosion will cause some kind of domino effect and topple even juggernauts like ADV Films and Funimation. Based on what I've heard, while these companies do have plenty of underperforming titles - and the looming spectre of rampant piracy and never-ending fansubs continues to be a problem that requires more attention than they're apparently willing to give - they are nevertheless healthy. Funimation in particular commands a remarkable share of the market and continues to release proven sellers like Dragonball Z and other high-energy action titles that are proven to bring in American audiences. ADV is experimenting with shows like Air, but they still have a robust catalog and continue to do strong business with their thinpaks. Devil May Cry in particular is one ADV license to watch out for - shows like that have a massive mainstream appeal and can bring in new fans. It's just the kind of license that performs very well here in the States, and just the kind of thing we need to see more of here to maintain the industry's strength. The Geneon deal falling through deprives ADV of additional market share, to be certain, but all it means is that ADV will continue business as usual rather than taking on a mountain of new titles (not to mention a mountain of Geneon's doubtlessly massive retailer debt; the company's sudden and hurried insistance that retailers have an extremely limited amount of time to return unsold inventory is a clear indication that ADV would have been inheriting not only a tremendous catalog of titles but also a tremendous number of returns).

Of course, you can't have this conversation without talking about Viz. Viz is incredibly successful and has had a massive amount of success bringing over titles like Naruto, Bleach and Death Note. It would take an incredible shift in the market to bring down a company like Viz. They're not going away any time soon, and the failure of an already-struggling company like Geneon has little to no effect on that fact.

In short, yes, Geneon's exit is a bad thing, a sign that not every company can survive in this market; yes, the R1 industry is facing new challenges, and there are problems they're not addressing competently, but the world is not ending, the major players will continue to be major players, and fans will continue to buy anime.

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The funny thing about this is that if you go to their website, you wont see anything about this.
If anything, they describe themselves as "[FONT=Arial, Helvetica, sans-serif][FONT=Arial, Helvetica, sans-serif]A leading supplier of Japanese animation in North America[/FONT][/FONT]".
I think I'm going to send them an e-mail asking about this, because something seems messed up about all of this.